German growth could be halved
Photo: Lars Pehrson / SvD / TT

German growth could be halved this year if Middle East conflict drags on

Bloomberg reports, citing people familiar with the matter, that Germany's growth rate could be halved if the conflict in the Middle East drags on.

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German officials estimate that GDP growth could hit 0.5 percent this year because of the war in Iran, compared with the current forecast of 1.0 percent. The officials asked to remain anonymous because the figures are not public.

Germany's finance minister has declined to comment on Bloomberg's report. The finance ministry has not responded to the news agency's inquiries.

The same sources said that Italy will also soon lower its growth forecast.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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